FHFA: U.S. house prices rise 1.3% in third quarter

"U.S. house prices rose 1.3 percent in the third quarter of 2018 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI)," the FHFA reported on Tuuesday.

Key quotes

House prices rose 6.3 percent from the third quarter of 2017 to the third quarter of 2018.
FHFA's seasonally adjusted monthly index for September was up 0.2 percent from August.
“Home prices continued to rise in the third quarter but their upward pace is slowing somewhat," said Dr. William Doerner, Supervisory Economist.
- “Rising mortgage rates have cooled down housing markets—several regions and over two-thirds of states are showing slower annual gains.

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